Acrisure

In 2005, Acrisure was founded by Greg Williams and Ricky Norris.[2][3] In 2013, Genstar Capital purchased Acrisure and much of the company's growth was accounted by acquisitions; in 2014 the company acquired 23 firms and in 2015, it took over 59 other agencies compared to 26 acquisitions between 2005 and 2013.[3][4] The majority of Acrisure's trade – 60% of deals – come from existing entities it acquired, with the company's chief financial officer Dave Tuit stating "We find successful agencies, buy them and they become an agency partner."[3] In October 2016, Acrisure's management purchased back ownership of the company from Genstar Capital.[5][6]

Blackstone Inc provided funding to Acrisure in December 2018.[2] In 2019, the company was 84% employee-owned and after acquiring Pittsburgh-based Tulco Labs in 2020, began to organize Altway, an artificial intelligence insurance platform.[2][7] By 2021, the company acquired 155 firms that year, generating $2.82 billion of revenue and experiencing 42.7% growth.[1] Acrisure was granted naming rights for the newly-constructed Acrisure Arena in Thousand Palms, California in January 2022.[8]

In June 2022, the Abu Dhabi Investment Authority (ADIA) funded $725 million in series B-2 stock funds to Acrisure, with the company being valued at $23 billion at the time.[1][9] In July 2022, Acrisure was granted naming rights for Acrisure Stadium (previously known as Heinz Field) in Pittsburgh, Pennsylvania, home to the Pittsburgh Steelers.[10]

In July 2022, Acrisure acquired two managed service providers, ITS Inc. and Catalyst Technology Group. [11]

In October 2022, Acrisure acquired top-rated NYC-based managed service provider Homefield IT (formerly ManhattanTechSupport.com).[12]

In September 2023, it was announced Acrisure had acquired the London-headquartered insurance company, Modus Underwriting Ltd.[13]